Meridian Bancorp, Inc.

Meridian Bancorp, Inc.

Meridian Bancorp, Inc.

Overview
Date Founded

2014

Headquarters

67 Prospect Street, Peabody, MA, 01960, USA

Type of Company

Public

Employees (Worldwide)

462

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Meridian Bancorp, Inc. operates as a holding company, which engages in the provision of banking and financial services, through East Boston Savings Bank. It offers banking products such as mobile banking; retirement services; investments; savings and certificates of deposits; personal lending; auto loan; line of credit, and cash management. The company was founded on March 6, 2014 and is headquartered in Peabody, MA.

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Executives & Employees

Chairman, President & Chief Executive Officer

Chief Financial Officer, Treasurer & Executive Vice President

Chief Operating Officer & Executive Vice President

Executive Vice President, Real Estate Lending

Executive Vice President, Corporate Banking

Director & Secretary, Executive Vice President, Business Development & Community Reinvestment of the Bank

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Owners & Shareholders
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Impax Asset Management pursues a sustainable investing approach that focuses on the risks and opportunities arising from the transition to a more sustainable global economy. The firm identifies forward thinking companies by combining rigorous financial analysis with equally rigorous sustainability or environmental, social and governance (ESG) analysis. Impax Asset Management’s listed equity funds seek out mispriced companies that are set to benefit from the long-term trends of changing demographics, urbanization, rising consumption, and the resultant increases in resource scarcity. Investment is focused on a small number of deeply researched global equity strategies across alternative energy, energy efficiency, water, waste, food and agriculture related markets. Their private equity infrastructure funds follow an operationally focused, value-add strategy, investing in renewable power generation and related assets throughout Europe.

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Monarch Partners Asset Management employs a value-oriented investment approach to make long-only investments in the stocks of small-cap companies. The firm's investment philosophy is based on a value discipline, focused internal research and risk aversion. They seek to identify undervalued companies that possess catalysts with the potential to enhance shareholder value, while avoiding value traps. Monarch Partners Asset Management employs a proprietary bottom-up research process that is comprised of 90% fundamental research and 10% quantitative analysis. The firm attempts to mitigate risk through diversification, daily monitoring of portfolio exposures and the utilization of a strict sell discipline.

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Matarin Capital Management employs a quantitative investment approach that seeks to generate superior risk-adjusted investment returns. The firm seeks to capitalize on the occasional mispricing of individual securities and broad asset classes that occurs in the capital markets.The firm's Market Neutral US Plus strategy seeks to outperform cash while minimizing stock market risk by investing both long and short in US equities. The strategy is designed to achieve annualized excess returns of 5% to 7% with a tracking error of 6% to 10%.Matarin Capital Management's North America Small-Cap strategy seeks to outperform the S&P 600 Index over a 3 to 5-year investment horizon. It is a long-only portfolio that holds and average of 100 positions selected from a universe of small-cap North American equities and is diversified across industries and sectors. The strategy is designed to achieve annualized excess returns of 2% to 4% with a tracking error of 3% to 6%.The firm's Global Markets Select strategy seeks to deliver absolute returns by making opportunistic long and short investments in stock indices, sovereign debt, money markets, currencies and commodities using global futures contracts. The strategy is designed to achieve annualized excess returns (above a cash benchmark) of 8% to 12% with a tracking error of 12% to 18%.

Recent Transactions
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Meridian Bancorp, Inc. purchases Meetinghouse Bancorp, Inc.

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Meridian Bancorp, Inc. purchases East Boston Savings Bank

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onMeridian Bancorp, Inc. purchases Meetinghouse Bancorp, Inc.

Investment Advisor

Advised onMeridian Bancorp, Inc. purchases Meetinghouse Bancorp, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$606M
Total Enterprise Value
$1.28B
Earnings Per Share
$1.3
Revenue
$279M
Net Profit
$67M
Total Debt
$654M
Total Equity
$727M
Enterprise Value Sales
4.59x
TEVNet Income
19.14x
Debt TEV
0.51x
Three Year Compounded Annual Growth Rate Of Revenue
19.46%
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